|Bid||61.89 x 800|
|Ask||0.00 x 800|
|Day's Range||61.77 - 63.03|
|52 Week Range||49.03 - 65.38|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||21.76|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced that it has completed its all-stock acquisition of Liberty Property Trust (NYSE: LPT) for $13.0 billion, including the assumption of debt. In connection with the transaction, each share of Liberty common stock was converted into the right to receive 0.675 shares of Prologis common stock.
Liberty Property Trust (“Liberty” or the “Company”) (LPT) today announced that at a Special Meeting of Shareholders held earlier today, Liberty’s shareholders approved the previously announced merger agreement with Prologis, Inc. (“Prologis”) (PLD). Upon completion of the transaction contemplated by the merger agreement, Liberty shareholders will receive 0.675 shares of Prologis common stock for each Liberty common share they own. The transactions remain subject to certain closing conditions and are expected to be completed on or around February 4, 2020 at which time Liberty will be acquired by Prologis and will no longer trade on the NYSE.
S&P; SmallCap 600 constituent Darling Ingredients Inc. (NYSE: DAR) will replace Liberty Property Trust (NYSE: LPT) in the S&P; MidCap 400, and Sunrun Inc. (NASD: RUN) will replace Darling Ingredients in the S&P; SmallCap 600 prior to the open of trading on Tuesday, February 4. S&P; 500 constituent Prologis Inc. (NYSE: PLD) is acquiring Liberty Property Trust in a transaction expected to be completed soon pending final conditions.